Bitcoin reaching a key zone here. Hold the zone and alts will fly. Decision Time Soon. What A Time.
ETHUSDT prediction analysis using distances between important pivots and fibonacci retracement of ETHUSDT last cycle in the current cycle and the Wall Street Psychology of Market Cycle. We are currently in the Depression phase. Is Disbelief around the corner or in 2024? I think it is in 2024.
Bitcoin BTC Crypto is forming a possible bullish triangle with a +9% increase. We have broken out of the July 2021 triangle indicating the bottom at $17,600. We should be starting to stabilize above $17,600 over the next month. We are now in the Psychology of a Market Cycle called "Disbelief". This will be confirmed over the next month now.
Imagine shorting Bitcoin here after 55% dip because your stupid friends are in panic and they told you it's a scam. Close the charts and come back after few months at new ath and watch how they are fomo all in with everything what they have. Always same story, I refuse to sell here, fk you bears.
With the relief rally continuing, here's my overview of current and future market sentiment to come.
Dear traders, I wish you all goodluck during the end of this cycle (I think this is the end.. It could be a super cycle as well) Here are a few simple tips: 1. Do not over-leverage 2. Do not have a hodl mentality 3. Do gradually take profits when nearing the top 4. Do apply proper risk management to your trading/investing strategy Goodluck, Doctor Hugo
If you are not watching on log scale and you think this is blow off top, watch next few months best pump of your entire life.
Given everything that happened and the information I found in charts i believe we are in the begining of the real bull market where the gains are incridible.
Price action for $ORN has just touched that lower .5 pitchfork prong. As well as a perfect confluence for the previous pennant's top trend line. I think there's quite a bit of FUD in the market right now. We're in a disbelief area of the market cycle... "This is it, it's over, we're going back down now." Staying patient and stacking more of these massively...
I believe we are currently in a disbelief phase, with the recent spike in volume, price has TOTAL has soared, and a possible alt season is upon us. This alt season will be quite prolonged, due to the discrepancy in support levels between TOTAL and TOTAL2. A bullflag can be observed, as these aren't the highest performing chart patterns for myself, i have included...
2 Important things to note; the top and bottom wicks of this weeks candle aren’t random. the top wick hits the bottom of the rising wedge, our last major pattern and the bottom wick hits a MAJOR trendline. This is a big sign where still in a bull market but many are still wrecked so as far as market psychology goes i think were at "disbelief this is a suckers rally"
if the blue oval is tested and broken out of these are my targets. target 1) 8.20 target 2) 9.75 target 3) 10.85
In my previous $BTC analysis I talked about we still haven't entered a disbelief stage. I used Elliot wave to explain how we completed a 5 wave structure, as well as A and B corrective waves. The descending triangle that we can see in the chart above confirms my beliefs even more, if we break out to the downside (which is what this pattern signifies as being...
Bitcoin is just hitting not only Target 2, also the broadening wedge upper trendline and nearly spiking to monthly R3. Without making any assumptions on further progress, this is nevertheless a wild ride on a market dominance of 67% still on the rise pointin g out it´s not yet time for altcoins. Even if we will find some sort of stabilization here, it doesn´t mean...
First off, I closed my positions on a perfected 8, 9, 13 on the 3D chart because the signal is just fantastic in that timeframe and besides the wedge it hit important MAs. What I see now, is a massive falling wedge to the disbelief stage of an asset where I'm going to be a big buyer. BUT the level is so damn low, will have to wait for weeks. Just be patient and...
Bitcoin had a ruff ride over the last week, dropping down with low Volume over the weekend. At the same time the greatest News of the Year (ICE,NYSE) got published... This is a calculated Whale play, making everybody uncomfortable with fear of BTC breaking 5800$ Support and going lower. Keep in Mind that this whole price move got established on low Volume on the...